Mayumi's Feed
Nov 18, 2011

Suzuki wants to buy back shares from VW

TOKYO (Reuters) – Suzuki Motor Corp said on Friday it wants to buy back the 20 percent of its shares owned by Volkswagen and is ending their two-year alliance, vowing to seek mediation if necessary, but VW said it would keep the shares.

The alliance has grown increasingly acrimonious in recent months, with Suzuki accusing the German automaker of failing to treat it as an equal partner. In September, it accused VW of breach of contract, saying its top shareholder was withholding hybrid technology.

Nov 18, 2011

Suzuki wants to buy back shares from VW, may seek mediation

TOKYO, Nov 18 (Reuters) – Suzuki Motor Corp
said on Friday it wants to buy back the 20 percent of its shares
owned by Volkswagen and is ending their two-year
alliance, vowing to seek mediation if necessary, but VW said it
would keep the shares.

The alliance has grown increasingly acrimonious in recent
months, with Suzuki accusing the German automaker of failing to
treat it as an equal partner. In September, it accused VW of
breach of contract, saying its top shareholder was withholding
hybrid technology.

Nov 18, 2011

Suzuki: to buy back shares held by Volkswagen

TOKYO, Nov 18 (Reuters) – Suzuki Motor Corp
said on Friday it wants to buy back the 20 percent of its shares
owned by Volkswagen and is ending their two-year
alliance, vowing to seek mediation if necessary, but VW said it
would keep the shares.

The alliance has grown increasingly acrimonious in recent
months, with Suzuki accusing the German automaker of failing to
treat it as an equal partner. In September, it accused VW of
breach of contract, saying its top shareholder was withholding
hybrid technology.

Nov 4, 2011

Nikon cuts outlook on Thai floods, yen strength

TOKYO, Nov 4 (Reuters) – Japan’s Nikon Corp cut its
annual operating profit forecast by 22 percent to below market
expectations, hit by flooding at a key Thai camera factory that
has quashed hopes of record annual sales, as well as by strength
in the yen.

Thailand’s worst floods in 50 years have submerged
camera-making equipment, and are set to drag down profits by 25
billion yen ($320 million) despite plans to begin production at
other sites in December to try to meet year-end demand.

Oct 31, 2011

Toshiba ekes Q2 profit growth, keeps forecast

TOKYO (Reuters) – Toshiba Corp, Japan’s biggest chip maker, eked out a rise in quarterly operating profit on solid demand for its mainstay NAND flash memory chips and kept its earnings outlook unchanged.

The world’s No.2 maker of flash memory chips behind Samsung Electronics is becoming increasingly dependent on demand from Apple Inc, as its nuclear power business meets regulatory delays in the wake of the Fukushima nuclear crisis.

Oct 27, 2011

Asian chipmakers see gloomy Q4; 2012 a bit brighter

TAIPEI/TOKYO, Oct 27 (Reuters) – Asian chipmakers, including
the world’s top contract chipmaker TSMC , reported
sharply worsened quarterly earnings and braced for another
uncertain quarter as a weak global economy hits demand for
computers, though roaring growth of smartphones and tablets
offered a bright spot.

On Thursday, Taiwan’s TSMC reported a worse-than-expected 35
percent decline in profit to T$30.4 billion ($1 billion), its
fourth straight quarterly drop.

Oct 27, 2011

Olympus sticks to defence of M&A deals, scepticism remains

TOKYO, Oct 27 (Reuters) – Japan’s Olympus Corp on
Thursday stuck to its defence of deals that have come under fire
since the firm axed its British CEO in a bitter boardroom
battle, insisting the acquisitions were strategic and involved
no wrongdoing.

But the 92-year-old company’s explanations failed to ease
investor doubts about the deals, which have sparked worries
about Olympus’s management and rekindled concerns about
corporate governance in Japan.

Oct 27, 2011

Olympus sticks to defense of M&A deals

TOKYO (Reuters) – Japan’s Olympus Corp on Thursday stuck to its defense of deals that have come under fire since the 92-year-old firm axed its British CEO in a bitter boardroom battle, repeating that the acquisitions were strategic and involved no wrongdoing.

Olympus Chairman Tsuyoshi Kikukawa resigned a day earlier in a bid to restore confidence in the endoscope and camera maker, shaken by the public stand-off with its ex-CEO over a hefty advisory fee for one acquisition and over other past deals.

Oct 27, 2011

Olympus shares surge after chief quits

TOKYO (Reuters) – Olympus Corp’s shares surged in brisk trade on Thursday after its chairman and president quit and his successor said he would explain past M&A deals at the heart of a scandal that wiped out half of the firm’s market value.

Olympus’s former chief Tsuyoshi Kikukawa resigned from the top posts on Wednesday saying he wanted to restore confidence in the 92-year-old company, shaken by a public stand-off with its ex-CEO over a hefty advisory fee and other past deals.

Oct 27, 2011

Olympus shares surge after chief quits; to brief on past deals

TOKYO, Oct 27 (Reuters) – Olympus Corp’s shares
surged in brisk trade on Thursday after its chairman and
president quit and his successor said he would explain past M&A
deals at the heart of a scandal that wiped out half of the
firm’s market value.

Olympus’s former chief Tsuyoshi Kikukawa resigned from the
top posts on Wednesday saying he wanted to restore confidence in
the 92-year-old company, shaken by a public stand-off with its
ex-CEO over a hefty advisory fee and other past deals.